TheScreener - Coforge (COFORGE) Increased risk weighs on COFORGE, penalising its rating down to Neutral

Report

TheScreener

EUR 14.32 For Business Accounts Only

Increased risk weighs on COFORGE, penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of COFORGE (IN), active in the Computer Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date January 25, 2022, the closing price was INR 4,781.65 and its target price was estimated at INR 4,387.23.

26/01/2022 1 EN

Underlying

Coforge

NIIT Technologies Ltd is an India-based Information technology (IT) solutions company. The Company is engaged in application development and maintenance, managed services, cloud computing and business process outsourcing to organizations in several sectors such as banking and financial services, insurance, travel and transportation and logistics, manufacturing and distribution and government. The Company is combined with capabilities in data and analytics, automation, cloud and digital, is enabling to drive business transformation. The Company offers Tron intelligent automation, digital process transformation, application services, business process services, cyber security, among others. It serves industries such as travel and transportation, insurance, banking and financial services and enterprise services.

See profile

INE591G01017 National Stock Exchange of India India

Provider

TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.

See profile

Other Reports on these Companies

SmartInsider

Coforge Ltd: 1 director

A director at Coforge Ltd sold 30,000 shares at 8,302.753INR and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Free Trial

6h / 58m 6h / 58m 1 EN

Motilal Oswal

MOSL : COFORGE: Strong growth outlook factored in the valuation

COFORGE: Strong growth outlook factored in the valuation (COFORGE IN, Mkt Cap USD2.8b, CMP INR3850, TP INR3820, 1% Downside, Neutral) Coforge Ltd (COFORGE) reported 2QFY23 revenue growth of 6.2% QoQ in constant currency (CC), ahead of our estimates of 5% QoQ CC. Reported USD growth was 3.4% QoQ, led by BFS (+11.1% QoQ in USD; 14% QoQ in CC). It reported an order intake of USD309m, with 12-month executable order rising 16.6% YoY to USD802m. EBITDA margin (pre-RSU) of 18.4% (+190bp QoQ) recovered strongly and was 30bp above our estimates. The management reiterated its FY23E EBITDA margin gui...

EUR 120.00

October 21, 2022 October 21, 2022 10 EN

GlobeNewsWire

Coforge’s Copasys Automated Compliance Audit and Quality Assurance Platform Receives US Patent

Coforge’s Copasys Automated Compliance Audit and Quality Assurance Platform Receives US Patent Innovative software improves business processes for banks, financial institutions, reducing risk and driving productivity GREATER NOIDA, India, Sept. 29, 2022 (GLOBE NEWSWIRE) -- (NSE: COFORGE), a global digital services and solutions provider, today announced it has been granted a US patent for its proprietary solution that helps banks and financial institutions manage their risk more effectively, continuously improve upon business processes, and make impactful key business decisions more ra...

September 29, 2022 September 29, 2022 1 EN

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

AC ENERGY CORP (PH), a company active in the Alternative Electricity industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date April 8, 2022, the closing price was PHP 8.54 and its expected value was estimated at PHP 8.53.

Free Trial

April 9, 2022 April 9, 2022 1 EN

With a more favourable environment, VUKILE PROPERTY improves to Positive

VUKILE PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date April 5, 2022, the closing price was ZAR 13.72 and its potential was estimated at ZAR 15.16.

Free Trial

April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

Free Trial

April 6, 2022 April 6, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Increased risk weighs on COFORGE, penalising its rating down to Neutral

Empowering Investors

Coforge Ltd: 1 director

MOSL : COFORGE: Strong growth outlook factored in the valuation

Coforge’s Copasys Automated Compliance Audit and Quality Assurance Platform Receives US Patent

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe